The Bad News Sandwich (One Piece of Bad News, Stuffed Between Two Pieces of Good News)
TL;DR
Australia just joined the 1,000+ Bitcoin ATM club alongside the US and Canada, The DOJ wants 3 years for CZ, Bitcoin’s inflation rate is now lower than Gold’s.
Full Story
You know that trick you use to get your dog to eat his heart worm medication?
(Sandwich it between two pieces of steak and hope he doesn’t notice).
This is like the news version of that:
Australia just joined the 1,000+ Bitcoin ATM club alongside the US and Canada.
(The easier something is to do, the more we tend to do it...)
The DOJ wants three years of jail time for Changpeng ‘CZ’ Zhao (former CEO of Binance and recently charged felon).
Which, on its own, is more than ok (you do the crime, you do the time).
The reason we’re filing this one as ‘bad news’ is that the founder/CEO of the world’s largest crypto exchange might be going to jail for failing to maintain an effective anti-money laundering program at his company.
It ain’t a good look — especially when certain members of congress are trying to paint crypto as the ‘currency of choice’ for criminals.
Bitcoin’s inflation rate is now lower than Gold’s.
(Thank you Bitcoin halving, and our condolences to Peter Schiff).
Alright, that’s it — that’s the sandwich.
Not too bad, right?